The pair Euro/US Dollar (EUR/USD) goes from the ascending trendline downwards
A descending movement down to the next support at 1.15661 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 1.16172 could occur.
Consider stop-loss settings accordingly.
Next a ” indicator layout is existing. The indicator shows ”. which could be a negative chart scenario. The currency pair is likely to fall.
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Next a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair is likely to fall.
Next a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16448 |
| 2nd High | 1.1644 |
| Next High | 1.16172 |
| Current Price | 1.16074 |
| Next Low | 1.15661 |
| 2nd Low | 1.15567 |
| 3rd Low | 1.15025 |
1.16172 – 1.15891 – 1.15894 – 1.15661 – 1.15567 – 1.15025 —
1.16012 – 1.16216 —
59.189581877116 – 72.535594446227 —
– —
1.16172 – 1781485200
Trading Signals: FOREX – EUR – EUR/USD – USD – – – – – – – – – –